latex vs latex paint

latex and latex paint both are nouns.

Word	Noun	Adjective	Verb	Adverb
latex	Yes	No	No	No
latex paint	Yes	No	No	No

As nouns, latex and latex paint are synonyms defined as:

Other synonyms of latex include rubber-base paint.

latex (noun)	latex paint (noun)
a water-base paint that has a latex binder	a water-base paint that has a latex binder
a milky exudate from certain plants that coagulates on exposure to air